Vacon - Major shareholder announcements

Notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act

Vacon Plc, Stock Exchange Release, 12 September 2014 at 5.40 p.m. (EET)

Vacon Plc (ID 1519966-5) ("Vacon") has on 12 September 2014 received a
notification of major shareholdings pursuant to Chapter 9, Section 5 of the
Finnish Securities Market Act.

   1. Full name of the issuer of shares:

   Vacon Plc

   2. Full name of the person(s) subject to notification obligation:

   Danfoss A/S (20165715)

   3. Chain of controlled undertakings:

   Oy Danfoss Ab is 100 per cent directly owned by Danish company Danfoss
International A/S. Danfoss International A/S is 100 per cent directly owned by
Danish company Danfoss A/S.

   4. Date on which the threshold is reached or crossed:

   11 September 2014 and 12 September 2014



   5. Reason for the notification:

   Danfoss A/S' indirect and Oy Danfoss Ab's direct ownership has exceeded 5 per
cent of all the shares and voting rights in Vacon, the ownership being
3,053,400 shares which corresponds to 9.98 per cent of all the shares and voting
rights in Vacon.

   Pursuant to a contract dated 11 September 2014 Oy Danfoss Ab will conditional
upon the receipt of the approval of the Finnish Ministry of Employment and
Economy required under the Finnish Act on Monitoring Acquisitions (176/2012)
receive 176,288 shares in Vacon which corresponds to 0.58 per cent of Vacon's
all shares and voting rights. The purchase will be settled within five (5)
business days from the date of receipt of said approval.

   Danfoss A/S has on 12 September 2014 announced that Danfoss A/S will launch,
through a wholly owned indirect subsidiary Oy Danfoss Ab, a voluntary
recommended public tender offer for all the issued and outstanding shares in
Vacon. Certain large shareholders of Vacon, together representing approximately
14.32 per cent of Vacon's all shares and voting rights have subject to certain
customary conditions undertaken to accept the tender offer. The undertakings are
valid until the closing or withdrawal of the tender offer, and the ownership
thereunder will be transferred in connection of the completion of the tender
offer.

   The direct ownership of Oy Danfoss Ab and the indirect ownership of Danfoss
A/S may on the basis of the above amount to a maximum of 7,609,820 shares, which
corresponds to approximately 24.88 per cent of all the shares and voting rights
in Vacon.



   The notification of major shareholdings does not contain any additional
information on the above arrangements.



   Vacon Plc has a total of 30,590,000 shares. The company has only one class of
shares and each share entitles to one vote.

VACON PLC

Further information:

  * Sebastian Linko, Director, Corporate Communications and Investor Relations,
    +358 (0)40 8371 634, sebastian.linko(at)vacon.com

Vacon in brief

Vacon is driven by a passion to develop, manufacture and sell the best AC drives
and inverters in the world - and provide customers with efficient product
lifecycle services. Our AC drives offer optimum process control and energy
efficiency for electric motors. Vacon inverters play a key role when energy is
produced from renewable sources. Vacon has production and R&D facilities in
Europe, Asia and North America, and sales offices in 30 countries. Further,
Vacon has sales representatives and service partners in nearly 90 countries. In
2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed
globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted
on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media






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